Market Stages Tremendous Rally.... On 40% Of Recent Volume

Tyler Durden's picture

When witnessing this latest vapor volume melt up, what can one say but victory for the bulls... Oh yes, ignore that the relentless rally is on 40% of the past 10 day average volume. 1.8 million ES contracts on 4.46 million 10 DMA. Irrelevant: inverse distribution or something is the conventional spin. Europe is fixed, and no recession is coming - just cover any and all shorts before Google buys them all. Also ignore when a month from today we are back to the level when two ES contracts send the market limit up.

And for those wondering why ES volume actually matters, here is your answer - ES afterhours.